Can I retire at age 42 with 1,470,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$121,391$120,310$119,255$118,225$117,220$113,468
2 years$60,095$58,975$57,891$56,839$55,819$52,073
3 years$39,665$38,541$37,459$36,417$35,414$31,792
4 years$29,452$28,332$27,261$26,237$25,257$21,788
5 years$23,326$22,212$21,155$20,152$19,200$15,892
6 years$19,244$18,138$17,097$16,116$15,193$12,048
7 years$16,329$15,232$14,207$13,250$12,356$9,374
8 years$14,143$13,057$12,049$11,115$10,250$7,430
9 years$12,444$11,368$10,378$9,467$8,632$5,971
10 years$11,086$10,021$9,048$8,161$7,355$4,848
11 years$9,976$8,921$7,965$7,103$6,326$3,968
12 years$9,051$8,007$7,069$6,230$5,482$3,269
13 years$8,269$7,236$6,316$5,500$4,780$2,706
14 years$7,599$6,577$5,675$4,882$4,190$2,250
15 years$7,020$6,008$5,124$4,354$3,689$1,877
16 years$6,513$5,513$4,645$3,899$3,261$1,570
17 years$6,066$5,077$4,227$3,503$2,891$1,316
18 years$5,669$4,691$3,859$3,157$2,571$1,105
19 years$5,315$4,348$3,532$2,852$2,291$930
20 years$4,996$4,040$3,242$2,583$2,047$783
21 years$4,708$3,763$2,982$2,345$1,831$660
22 years$4,447$3,513$2,748$2,132$1,642$557
23 years$4,208$3,286$2,538$1,942$1,474$471
24 years$3,990$3,078$2,347$1,771$1,325$398
25 years$3,790$2,889$2,174$1,617$1,192$337
26 years$3,605$2,715$2,016$1,479$1,074$285
27 years$3,435$2,555$1,872$1,353$968$241
28 years$3,276$2,408$1,740$1,240$873$204
29 years$3,129$2,271$1,619$1,137$789$173
30 years$2,992$2,145$1,508$1,044$713$146
31 years$2,864$2,028$1,406$958$644$124
32 years$2,745$1,919$1,312$881$583$105
33 years$2,633$1,817$1,225$810$527$89
34 years$2,527$1,722$1,145$745$478$75
35 years$2,428$1,633$1,070$686$433$64
36 years$2,335$1,550$1,001$632$392$54
37 years$2,247$1,473$937$582$355$46
38 years$2,163$1,399$877$537$322$39
39 years$2,084$1,331$822$495$292$33
40 years$2,010$1,266$771$456$265$28
41 years$1,939$1,205$723$421$240$24
42 years$1,872$1,148$678$389$218$20
43 years$1,808$1,094$636$359$198$17
44 years$1,747$1,042$597$331$180$15
45 years$1,689$994$561$306$163$12
46 years$1,633$948$526$283$148$10
47 years$1,580$905$495$261$134$9
48 years$1,530$864$465$241$122$8
49 years$1,481$825$437$223$111$6
50 years$1,435$788$411$206$101$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,470,000, adding $3,671 every year, while hoping to spend $20,638 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 47/48/5 Blend
41$1,470,000$1,470,000$1,470,000$1,470,000
42$1,623,727$1,545,817$1,523,032$1,697,768
43$1,767,388$1,599,603$1,552,095$1,802,644
44$1,925,011$1,655,333$1,581,439$1,913,911
45$2,097,999$1,713,081$1,611,054$2,034,168
46$2,287,895$1,772,922$1,640,924$2,164,251
47$2,496,401$1,834,936$1,671,036$2,305,082
48$2,725,392$1,899,206$1,701,374$2,457,671
49$2,976,932$1,965,817$1,731,920$2,623,132
50$3,253,296$2,034,859$1,762,657$2,802,685
51$3,556,990$2,106,425$1,793,563$2,997,675
52$3,890,774$2,180,611$1,824,619$3,209,579
53$4,257,690$2,257,518$1,855,800$3,440,022
54$4,661,088$2,337,250$1,887,083$3,690,790
55$5,104,660$2,419,916$1,918,441$3,963,849
56$5,592,472$2,505,629$1,949,846$4,261,361
57$6,129,006$2,594,506$1,981,268$4,585,704
58$6,719,199$2,686,671$2,012,674$4,939,497
59$7,368,490$2,782,251$2,044,032$5,325,618
60$8,082,872$2,881,378$2,075,303$5,747,236
61$8,868,950$2,984,190$2,106,451$6,207,841
62$9,733,998$3,090,831$2,137,432$6,711,269
63$10,686,035$3,201,451$2,168,205$7,261,748
64$11,733,894$3,316,204$2,198,723$7,863,927
65$12,887,307$3,435,255$2,228,936$8,522,929
66$14,157,000$3,558,770$2,258,793$9,244,389
67$15,554,790$3,686,925$2,288,239$10,034,514
68$17,093,698$3,819,905$2,317,215$10,900,137
69$18,788,073$3,957,898$2,345,659$11,848,784
70$20,653,726$4,101,104$2,373,508$12,888,740
71$22,708,076$4,249,728$2,400,691$14,029,127
72$24,970,323$4,403,988$2,427,137$15,279,995
73$27,461,617$4,564,105$2,452,768$16,652,407
74$30,205,271$4,730,314$2,477,504$18,158,551
75$33,226,967$4,902,859$2,501,259$19,811,848
76$36,555,011$5,081,992$2,523,944$21,627,081
77$40,220,590$5,267,978$2,545,465$23,620,531
78$44,258,073$5,461,091$2,565,720$25,810,134
79$48,705,331$5,661,619$2,584,607$28,215,642
80$53,604,097$5,869,861$2,602,013$30,858,817
81$59,000,358$6,086,127$2,617,823$33,763,627
82$64,944,790$6,310,742$2,631,916$36,956,477
83$71,493,235$6,544,045$2,644,161$40,466,454
84$78,707,230$6,786,389$2,654,426$44,325,600
85$86,654,586$7,038,140$2,662,567$48,569,216
86$95,410,027$7,299,682$2,668,437$53,236,191
87$105,055,899$7,571,415$2,671,878$58,369,367
88$115,682,941$7,853,756$2,672,727$64,015,943
89$127,391,150$8,147,139$2,670,812$70,227,922
90$140,290,715$8,452,016$2,665,952$77,062,594
91$154,503,064$8,768,861$2,657,958$84,583,080
92$170,162,008$9,098,167$2,646,631$92,858,925
93$187,415,003$9,440,447$2,631,763$101,966,748
94$206,424,541$9,796,237$2,613,135$111,990,972
95$227,369,689$10,166,097$2,590,520$123,024,611
96$250,447,772$10,550,610$2,563,677$135,170,150
97$275,876,240$10,950,386$2,532,355$148,540,509
98$303,894,720$11,366,058$2,496,293$163,260,107
99$334,767,277$11,798,290$2,455,214$179,466,032
100$368,784,906$12,247,773$2,408,830$197,309,337